Form 4: Worthington Steel Controller Steven R. Witt Reports Share Transactions
SEC Form 4 Filing
Controller Steven R. Witt of Worthington Steel reports acquisition of shares through vesting of a performance award and subsequent disposal to cover tax obligations.
Summary
- On July 2, 2024, Steven R. Witt, Controller of Worthington Steel, acquired 2,796 common shares from the vesting of a performance share award granted in 2021.
- Simultaneously, Witt disposed of 849 common shares at $32.15 to satisfy tax withholding obligations related to the vesting.
- Following these transactions, Witt beneficially owns 39,596 common shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document reports routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair market practices.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Date of share acquisition and disposal |
| 07/05/2024 | Date of signature on the Form 4 filing |
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